Gift cards a longer term prospect for consumers
If you’re thinking about giving someone a gift card this Christmas, new laws that have just passed Parliament will be all the more relevant.
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They give consumers a minimum of three years to redeem the gift cards in NSW, and outlaw post-purchase fees and charges, which can eat into the balance.
The government estimates the reforms will put up to $60 million back in the hands of shoppers that’s currently lost to retailers through unused balances on expired gift cards.
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